The Recession has worsened...

Chipboard

This may be a sign of things to come.

The economy may get so bad that if you put an ad on Donedeal offering cash for something...you may have to put up a picture of the cash or people won't believe that you have it.!

http://www.donedeal.co.uk/for-sale/caravans/1881001

This really brightened my day.

RachaelVO

That's brilliant, very funny. wish I actually had that amount of money to take a picture of!

msg11

I don't get this. If the recession gets worse. Would we not have no money. So more stuff for sale , cause people want to have cash in there pockets.

Your saying the opposite.

If we had loads of money, would it not be harder to buy something , cause people have more cash to throw around ? So you would have to ask if people want to sell a certain thing or a set price ..

landsleaving

Dammit OP, you haven't taken this seriously!

Sanjuro

msg11 wrote: »

cause people want to have cash in there pockets.

I just look forward to the day when people have better grammar in their sentences.



GRAMMAR NAZI AWAY!!!

msg11

Sanjuro wrote: »

I just look forward to the day when people have better grammar in their sentences.



GRAMMAR NAZI AWAY!!!

I look forward to the day when people give a bollox what others think and some peoples moral obligation to point out an error. Get over yourself.

Right, anyway can you answer my question. Cause I don't get the OP . Also , if you post up a picture like that, some chancer rings him up. Yeah have a caravan. Then robs him blind when he comes to check out the said caravan..

dotsman

You do realise the recession ended last year?

Shryke

dotsman wrote: »

You do realise the recession ended last year?

Not for the massive number of unemployed, and those emigrating, and not by my hours.

Dudess

Despite the "We're no longer in a recession actually" pedantry, the economy is still fucked. It's kinda like saying "The nuclear attack ended you know" - well fallout is even worse.

Mr Benevolent

Dudess wrote: »

Despite the "We're no longer in a recession actually" pedantry, the economy is still fucked. It's kinda like saying "The nuclear attack ended you know" - well fallout is even worse.

Very apt. Default and mass foreclosure is next. Even Google are outsourcing.

LighterGuy

dotsman wrote: »

You do realise the recession ended last year?

How are we not in recession?
still plenty of people on the social welfare.
jobs/companies still going under and not alot of new jobs being created.

So how can we be out of recession?

I hope its not some poncey thing were "oh what defines recession is 'X, Y, Z' ... but 'X and Z' arent a problem no more in Ireland" :rolleyes:

Sanjuro

msg11 wrote: »

I look forward to the day when people give a bollox what others think and some peoples moral obligation to point out an error. Get over yourself.

You forgot your apostrophe after peoples' there, msg11! Why I oughta!

easyeason3

msg11 wrote: »

I look forward to the day when people give a bollox what others think and some peoples moral obligation to point out an error. Get over yourself.

Right, anyway can you answer my question. Cause I don't get the OP . Also , if you post up a picture like that, some chancer rings him up. Yeah have a caravan. Then robs him blind when he comes to check out the said caravan..

You do realise it could be a piss take?
Or that the man in question deals in cars, caravans etc so is probably not likely to be that stupid to get robbed blind?

Solair

The only sign of it I've seen is that my accountant no longer accepts cheques!

Bank transfer, credit/debit card or cash only!

SoulTrader

Dudess wrote: »

Despite the "We're no longer in a recession actually" pedantry, the economy is still fucked. It's kinda like saying "The nuclear attack ended you know" - well fallout is even worse.

Very well said. Jobs are always among the last of the economic fundamentals to recover after a recession, so even if it's technically over, the majority won't notice.

Deus Ex Machina

Sanjuro wrote: »

You forgot your apostrophe after peoples' there, msg11! Why I oughta!

Just a little embarrassing.

Sticky_Fingers

Chipboard wrote: »

This may be a sign of things to come.

The economy may get so bad that if you put an ad on Donedeal offering cash for something...you may have to put up a picture of the cash or people won't believe that you have it.!

http://www.donedeal.co.uk/for-sale/caravans/1881001

This really brightened my day.

The guy who posted that ad is a tool, that looks like 6k there. Any possible seller now knows exactly how much he is willing to spend and you can be sure they will all provide quotes in and around that mark.

With negotiating skills like that he must work for the Department of Finance.

Stinicker

Me thinks this thread could somehow be merged with this one

stovelid

Admit it, the first words that popped into everyone's head when they saw the advertisement was 'cream cracker' before most of you immediately smothered it down with something more PC.

racso1975

SoulTrader wrote: »

Very well said. Jobs are always among the last of the economic fundamentals to recover after a recession, so even if it's technically over, the majority won't notice.

yeah but we are turning the corner!

Sanjuro

Deus Ex Machina wrote: »

Just a little embarrassing.

Actually, no. See number 3.

RachaelVO

Solair wrote: »

The only sign of it I've seen is that my accountant no longer accepts cheques!

Bank transfer, credit/debit card or cash only!

That's happening a lot. Not entirely sure I blame them, in some cases they'd never be paid!

Deus Ex Machina

Sanjuro wrote: »

Actually, no. See number 3.

People is a plural noun, therefore an apostrophe and an s is added to indicate the possessive. Peoples' can be correct if you are using the word to refer to multiple populations, for example: The peoples of Asia. In that case you could place the apostrophe after the 's' to indicate the possessive, for example: These peoples' all have an interesting heritage. However in the case at hand the word people is used to refer to multiple individuals, and therefore people's is correct.

Howard the Duck

Dudess wrote: »

Despite the "We're no longer in a recession actually" pedantry, the economy is still fucked. It's kinda like saying "The nuclear attack ended you know" - well fallout is even worse.

Yea and plus you don't get any super heroes or zombies after a recession. Well apart from Enda Kenny...zombie that is not super hero.

Chipboard

msg11 wrote: »

I don't get this. If the recession gets worse. Would we not have no money. So more stuff for sale , cause people want to have cash in there pockets.

Your saying the opposite.

If we had loads of money, would it not be harder to buy something , cause people have more cash to throw around ? So you would have to ask if people want to sell a certain thing or a set price ..

Good God people this was meant to be light relief from all the sh1te thats going on at present. I didn't think it would provoke debate.

I'm pretty sure that Dotsman was also being humourous when he said the recession is over. He could have been imitating Brian Lenehan.

In answer to the query, during a recession money is scarce, not because there is less of it but because people don't have confidence that they will continue to have enough so they save instead of spend. Less circulation means less for everyone (you know the way if you buy a cake, and the baker then gets his car serviced, and the mechanic goes on the beer, and the publican buys a new television etc).

Just in case Dotsman wasn't joking I can tell you that the recession is not over. If we're lucky we might be half way in.

dotsman

Shryke wrote: »

Not for the massive number of unemployed, and those emigrating, and not by my hours.

Dudess wrote: »

Despite the "We're no longer in a recession actually" pedantry, the economy is still fucked. It's kinda like saying "The nuclear attack ended you know" - well fallout is even worse.

LighterGuy wrote: »

How are we not in recession?
still plenty of people on the social welfare.
jobs/companies still going under and not alot of new jobs being created.

So how can we be out of recession?

I hope its not some poncey thing were "oh what defines recession is 'X, Y, Z' ... but 'X and Z' arent a problem no more in Ireland" :rolleyes:

Chipboard wrote: »

Good God people this was meant to be light relief from all the sh1te thats going on at present. I didn't think it would provoke debate.

I'm pretty sure that Dotsman was also being humourous when he said the recession is over. He could have been imitating Brian Lenehan.

In answer to the query, during a recession money is scarce, not because there is less of it but because people don't have confidence that they will continue to have enough so they save instead of spend. Less circulation means less for everyone (you know the way if you buy a cake, and the baker then gets his car serviced, and the mechanic goes on the beer, and the publican buys a new television etc).

Just in case Dotsman wasn't joking I can tell you that the recession is not over. If we're lucky we might be half way in.

First of all, no I was not taking the piss. The recession did end. We are now back to economic growth (albeit, small). We have taken a massive loss, but things have stabilised and are now slowly beginning to improve.

This is not about minor technicalities. This is about facts. A recession is a period of economic decline (ie things getting worse). Things have stopped getting worse. Unemployment figures have stabilised and have slightly decreased from their peaks. Tax receipts are inline with expectations. Rents have pretty much stabilised and the house prices have also stabilised in desirable areas (undesirable locations will, of course, continue to plummet to zero - affecting stats).

Now I don't know if everybody here is living in the sensationalist world of black and white where it's either a recession or a boom, and are free to tell yourself whatever you want. But the recession has ended.

Now we are at the junction between stagnation, return to recession or sound economic growth (unfortunately, there is no boom on the cards). Unless we get our budget sorted and strong economic policies implemented, then we may double dip back into recession. If we continue humming and hawing like we have, then we are in for stagnation. However, if we take the thumb out and get the public finances sorted, improve competitiveness and improve morale (hard to do when everybody is still talking about a recession), we can return to decent growth and begin to repair the damage of the last few years.

Gunsfortoys

We have turned a corner.

Stinicker

Gunsfortoys wrote: »

We have turned a corner.

I think we have turned so many by now that technically we are back just where we started.

LighterGuy

dotsman wrote: »

This is not about minor technicalities. This is about facts. A recession is a period of economic decline (ie things getting worse). Things have stopped getting worse. Unemployment figures have stabilised and have slightly decreased from their peaks. Tax receipts are inline with expectations. Rents have pretty much stabilised and the house prices have also stabilised in desirable areas (undesirable locations will, of course, continue to plummet to zero - affecting stats).

Now I don't know if everybody here is living in the sensationalist world of black and white where it's either a recession or a boom, and are free to tell yourself whatever you want. But the recession has ended.......

So.. basically what you are saying its the wrong to use the term "recession" as we are no longer in one .. while things are still really bad

So ... thats like if 400 jobs went in a company in Donegal. Then a month later 33 jobs are created. .. "oh things are better"

Come on mate. Things are still bad. You can white wash it all you want. Fact is things are bad. Really bad.

ascanbe

Constanin Gurdgiev is currently on the Vincent Browne show on TV3, explaining why the current course we are on is insane.

dotsman

LighterGuy wrote: »

So.. basically what you are saying its the wrong to use the term "recession" as we are no longer in one .. while things are still really bad

Precisely. To put it into plain english, a recession is a period when things are getting worse, stagnation is when things remain the same, growth is when things are improving slowly and a boom is when things are improving very quickly. It has nothing to do with how "bad" or "good" things are at anyone time.

A third world country that has an economic boom is still an impoverished nation. Likewise, a wealthy country that is losing wealth, but still wealthy, is in a recession.

LighterGuy wrote: »

So ... thats like if 400 jobs went in a company in Donegal. Then a month later 33 jobs are created. .. "oh things are better"

Well, in that particular case, things are better than they were a month ago. In terms of economic performance, we typically look at things on a monthly/quarterly/annually basis.

LighterGuy wrote: »

Come on mate. Things are still bad. You can white wash it all you want. Fact is things are bad. Really bad.

I am not trying to whitewash anything, nor deny that things are bad. But they have stopped getting worse. Some aspects of the economy have begun to improve slightly. At the current rate, it will take years to get back to a "satisfactory" level, but they are not getting worse. Or, we can keep going on about "the recession" and hopefully (as some people appear to be) go back into one. Or, we can go the other way, accept that we have seen the bottom, and start building a better future for ourselves.

For all the various (confusing for many) figures, terms and "fundamentals" that affect economic performance, by far the biggest fundamental is sentiment. And where our economy stands this time next year will be greatly affected by the attitudes/morale etc of the people.

ascanbe

dotsman wrote: »

Precisely. To put it into plain english, a recession is a period when things are getting worse, stagnation is when things remain the same, growth is when things are improving slowly and a boom is when things are improving very quickly. It has nothing to do with how "bad" or "good" things are at anyone time.

A third world country that has an economic boom is still an impoverished nation. Likewise, a wealthy country that is losing wealth, but still wealthy, is in a recession.

Well, in that particular case, things are better than they were a month ago. In terms of economic performance, we typically look at things on a monthly/quarterly/annually basis.


I am not trying to whitewash anything, nor deny that things are bad. But they have stopped getting worse. Some aspects of the economy have begun to improve slightly. At the current rate, it will take years to get back to a "satisfactory" level, but they are not getting worse. Or, we can keep going on about "the recession" and hopefully (as some people appear to be) go back into one. Or, we can go the other way, accept that we have seen the bottom, and start building a better future for ourselves.

For all the various (confusing for many) figures, terms and "fundamentals" that affect economic performance, by far the biggest fundamental is sentiment. And where our economy stands this time next year will be greatly affected by the attitudes/morale etc of the people.

Sentiment is all well and good; unfortunately, though, it has to be based in reality. The actions you are taking have to make sense/add-up; otherwise you are just delusional. Currently, the actions we are taking do not.

JONJO THE MISER

The Recession has worsened... * drops monocle*

Irish Steve

RachaelVO wrote: »

That's happening a lot. Not entirely sure I blame them, in some cases they'd never be paid!

And in a lot more cases than I care to think about for too long, they don't deserve to get paid.

I can think of one accountant that didn't spot over 23K of a hole in the sales ledger for 2 years, in a relatively small company, they didn't even spot that the bank account wasn't being reconciled.

Another has recently omitted to inform a company that they were shortly to be struck off by CRO for non filing.

How many cases are there out there where companies continued trading recklessly, but were not appropriately advised by their accountants.

I could add more, there are plenty of examples that I am sure will probably come out of the woodwork over the next while, but there's very little comeback or accountability from the people that are supposed to be watching what's going on and making sure that it's appropriate.

One of the "big 4" has just taken a friend of ours on as an intern for the year, so at this point, her knowledge of accountancy matters is very low, but they are charging her time out to clients at €60 per hour. Makes a joke of the concept of apprentice training, minimum wage and appropriate charge levels for "professional" services. Too many Central Dublin fancy and crazy expensive glass and stainless steel palaces that are not justified, and a continuing membership of a financial elite that needs to be put back in it's place as a matter of considerable urgency.

We only have to look at the "advice" they've given the government in recent years to see where that's got us.

Steve

Chipboard

dotsman wrote: »

First of all, no I was not taking the piss. The recession did end. We are now back to economic growth (albeit, small). We have taken a massive loss, but things have stabilised and are now slowly beginning to improve.

Sorry, I really thought your were joking. Graphs don't always travel downwards in a straight line. You might have short periods of growth in what is otherwise a downward trajectory. Given that an inordinate amount of our income is going to be sucked out of the economy for the next 3 generations to repay the bailout of German/French bondholders, and given that our Banks have yet to liquidate all the thousands of stressed assets which exist in this country, I am not going to pretend that we have turned a corner, just because one aspect of the economy is positive, if you ignore all the others.